Crescent Bank Checking Account

Crescent Bank Checking Account Review

Crescent Bank Checking Account is offered by Crescent Bank, a bank founded in 1991 and based in Metairie, LA. Crescent Bank Checking Account are available in 50 states (and Washington, DC).

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 1.40%, which is much higher than the average for a checking account. However, you must keep a minimum balance of $999.99.
• Charges a monthly fee. This account charges a monthly service fee of up to $10, but the fee is waived if you keep a minimum balance of $600.
• $1,000 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
• No ATM fees. Crescent Bank Checking Account does not charge fees on ATM transactions.

Crescent Bank Checking Account Pros & Cons

Crescent Bank Checking Account FAQ

Are checking accounts from Crescent Bank federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #33492). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Crescent Bank Checking Account offer?

Crescent Bank Checking Account offers an APY of 1.40% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY. However, to earn interest account holders must keep an average beginning day balance of $999.99.

What are the account minimums for Crescent Bank Checking Account?

Crescent Bank Checking Account requires a minimum initial deposit of $1,000 to open an account.

What fees does Crescent Bank Checking Account charge?

This account charges a monthly service fee of up to $10.

What features and perks does Crescent Bank Checking Account offer?

This account includes the following features:

• Mobile Banking Services - Crescent Bank Checking Account allows you to manage your money online or with a mobile app.